A great mystery of our time — one that should frame the campaign debate — is why the economic recovery has been so sluggish. Consider this comparison. After the brutal recession of the early 1980s (peak unemployment: 10.8 percent), it took only 11 months for employment to regain its pre-recession level. By contrast, it required 51 months after the ...

  These are the world’s five largest technology companies, ranked by revenue: How about that Hon Hai!?! The full name is Hon Hai Precision Industry Co., but you probably know it as Foxconn, the main name it does business under. It’s the Taiwan-based contract manufacturer with hundreds of thousands of employees in mainland China, several of whom probably put your ...

  Rules are there to be broken — and that’s official. Spain and Portugal have just escaped punishment for breaking the European Union’s budget-deficit limits. In the EU, such lapses without consequences are not exactly uncommon. In the case of the budget rules, that’s a good thing, because the rules are widely acknowledged to be no good. But here’s a ...

  International Monetary Fund had predicted that China’s economy would grow by 6.6% in 2016. And the economists polled by Reuters had anticipated a growth rate of 6.6 percent. But China’s economy narrowly beat estimates with a 6.7 percent expansion on-year in the three months through June, as a string of stimulus measures from the government and the central bank ...

  A top Bavarian domestic intelligence official has made tabloid headlines by saying there are “hit squads” and “sleeper cells” among the refugees who have recently arrived in Germany — something right-wing populists have been maintaining all along. Yet the true “sleeper cells” have been here for decades, and that explains why, as Germany and other European countries step up ...

  Nir Kaissar There’s a strange disconnect today between some investors’ trepidation about US stocks and the soothing signals coming from the equity market. As my Bloomberg colleague Barry Ritholtz recently noted, a whole bunch of high-profile money mavens — Stan Druckenmiller, George Soros and Bill Gross included — are kvetching about the dangers lurking in U.S. shares (among other ...

  Max Nisen Disappointing earnings. Substantially lower guidance for 2016. A CFO departure. A suspended dividend. A drug-pricing controversy. Oh, and a libel suit against a chicken farmer. All were features of Concordia International’s unusually calamitous earnings report on Friday. For a day, at least, the Ontario-based specialty pharma firm one-upped its better-known progenitor Valeant, which has had a mixed ...

  Abu Dhabi / Emirates Business Abu Dhabi National Exhibitions Company (ADNEC), on Sunday announced the commencement of the second phase of expansion and development of Al Ain Convention Centre (AACC). The Phase II expansion work is in line with ADNEC’s strategy to promote and strengthen the high-potential business tourism industry in Al Ain. Aimed at enabling the exhibition and ...

  Dubai / Emirates Business Dubai Electricity and Water Authority (DEWA) has begun implementing the third phase of the SAP-Business Planning and Consolidation (BPC) module, for planning and budgeting processes. BPC allows online budgetary requests across DEWA divisions, for Capex (Capital Expenditure) fund requirements, and Opex (Operational Expenditure) fund requirements, along with necessary approvals. “DEWA continuously cooperates with the largest ...

  Al Ain / WAM Al Foah Company, an Abu Dhabi-based firm, seeking to make the UAE’s dates sector financially viable and internationally competitive, has announced that it expects to receive more than 103,000 tonnes of dates during the current season from more than 17,000 farmers from all over the country who will market their dates at eight centres specialised for ...